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OGHA grants Amosun’s N7.5 bn loan request

ABEOKUTA-Ogun State House of Assembly on Thursday granted the request of the governor, Senator Ibikunle Amosun to obtain a sum of N7.5 billion from five banks  for the construction of 11 major roads across the state.

Governor Amosun had written the Assembly seeking approval to approach some banks to obtain what he called “internal loan” to finance construction of major roads in the state.

The motion tagged House Resolution 114/2012 was debated by members of the Assembly before it was granted.

While passing the motion, the Speaker called for voice votes which went in favour of the governor.

The Speaker, however, said, “It is the opinion of this Honourable House that the State Government should obtain Internal Loan of N7.5 billion from the combination of First Bank of Nigeria Plc.,Guaranty Trust Bank Plc,Skye Bank Plc,Sterlin Bank Plc and United Bank for Africa Plc for medium term financing of 11 major projects across the state.”



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